The hidden cost of promises
2025年，香港恒生指数全年累计涨幅高达27.77%，创下自2017年以来的最佳年度表现，仅次于深成指30%的年内涨幅。恒生科技指数同样表现亮眼，全年累计上涨23.45%，为自2020年设立以来的最佳年度表现。恒生国企指数年内也上涨22.27%，显示出港股整体市场的强劲复苏势头。
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As for the national debt, the benefits of immigration are only likely to accrue with time. Later generations of immigrants tend to pay more in taxes as educational attainment and incomes rise, according to the Cato Institute’s report, which called children of immigrants “the most potent fiscal engine this country has ever seen.” Should Trump’s immigration crackdown cause a sustained decline in new entries, that engine will be much less powerful than it could have been.。搜狗输入法2026对此有专业解读
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